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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
Chicago Bankruptcy Lawyer

When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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John Bernard Kelly

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Estate, Real Estate, Wills, Trusts, Business

John Kelly is a practicing lawyer in the state of New York handling Real Estate and Estate matters.

CONTACT

914-694-2822

4 W Red Oak Ln, West Harrison, NY 10604

Kenneth J. Gould

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Real Estate, Estate, Wills & Probate, Business

At Marcus, Gould & Sussman, LLP, we provide exceptional representation in a broad range of transactional, planning and litigation matters. With law of... (more)

FREE CONSULTATION

CONTACT

914-683-0090

222 Bloomingdale Road, White Plains, NY 10605

Adam L. Scharf

Criminal, Estate Planning, Family Law, Real Estate

Status:

FREE CONSULTATION

CONTACT

1025 Westchester Avenue, West Harrison, NY 10604

Michael E. Greenspan

Accident & Injury, Estate, DUI-DWI, Wrongful Death

Status:

FREE CONSULTATION

CONTACT

188 East Post Road, White Plains, NY 10601

Arthur E. Olmstead

Elder Law, Wills & Probate, Trusts, Wills

Status:

CONTACT

14 Mamaroneck Avenue, White Plains, NY 10601

Lee David Auerbach

Divorce & Family Law, Accident & Injury, Business, Estate

Status:

CONTACT

White Plains Office, 81 Main Street, White Plains, NY 10601

Kenneth Julian Kaufmann

Government, Wills & Probate, Adoption, DUI-DWI

Status: Licensed: 44 Years

CONTACT

Ardsley, NY 10502

Jack Albert Pawa

Deportation, Social Security, Wills & Probate, Employment Discrimination

Status: Licensed: 46 Years

CONTACT

28 Old Mill Ln, Ardsley, NY 10502

Mary Ellen Scarborough

Real Estate, Estate, Civil & Human Rights

Status: Licensed: 37 Years

CONTACT

76 Dellwood Road, Bronxville, NY 10708

Robert Bruce Miller

Commercial Real Estate, Mass Torts, Health Care, Estate Planning, Medical Malpractice

Status: Licensed: 48 Years

CONTACT

4 Tree Top Ln, Dobbs Ferry, NY 10522

800-923-0641

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LEGAL TERMS

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

FUNDING A TRUST

Transferring ownership of property to a trust.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

In 1986 Markatos Realtors, Inc. (hereinafter Markatos), Rutger's immediate predecessor in interest, along with Brookside Park Properties, Inc., the defendant's predecessor in interest, executed a written indenture providing, among other things, for mutual easements designating 12 ...

Colasacco v. Robert E. Lawrence Real Estate

In October 2002 the defendant Christopher DiCorato, a real estate agent employed by the defendant Robert E. Lawrence Real Estate (hereinafter Lawrence, and hereinafter together the defendants), met with the plaintiffs and showed them a parcel of vacant property that was ...

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

In any event, plaintiff fails, as a matter of law, to demonstrate any injury for which it is entitled to hold defendant sponsors liable. Although the purchase agreement obligated defendant sponsors to provide plaintiff with a building and unit constructed "in a good and workman-like ...

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Hartsdale Estate Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John Bernard Kelly

Kenneth J. Gould

Adam L. Scharf

Michael E. Greenspan

Arthur E. Olmstead

Lee David Auerbach

Kenneth Julian Kaufmann

Jack Albert Pawa

Mary Ellen Scarborough

Robert Bruce Miller

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LEGAL TERMS

AUGMENTED ESTATE

DISCHARGE (OF PROBATE ADMINISTRATOR)

AB TRUST

KINDRED

SUMMARY PROBATE

FUNDING A TRUST

DEVISEE

EXEMPTION TRUST

LIVING TRUST

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

Colasacco v. Robert E. Lawrence Real Estate

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

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